Shares in Helloworld Travel Ltd are down almost 20% over the past 12 months, but according to the analysts at Morgans, now could be the time to buy.
The business employs over 200 people with the Head Office located in Hobart and outlets throughout Australia.
The size of the acquisition is large relative to Helloworld's current market capitalisation of $229.2 million.
Morgans has increased its share price target for Helloworld from $2.18 to $2.24, against a current price of $1.37.
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Summarized version
Shares in Helloworld Travel Ltd are down almost 20% over the past 12 months, but according to the analysts at Morgans, now could be the time to buy.
The report’s most important sentence, shortened and in plain words. How
Headline check
One of the three things this headline claims did not turn up in the report.
The figure “60%” is in the headline. We could not find it in the report.
Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. Figures are matched digit for digit, so a report that writes “forty per cent” out in words where the headline wrote “40%” is queried here when it should not be. How this is checked
The article, shortened and in plain language
Shares in Helloworld Travel Ltd are down almost 20% over the past 12 months, but according to the analysts at Morgans, now could be the time to buy.
The broker has upgraded its share price target for the company following a new deal to acquire Crown Currency Exchange for $135 million.
Helloworld announced the deal earlier this week.
The business employs over 200 people with the Head Office located in Hobart and outlets throughout Australia.
Helloworld's Managing Director, Andrew Burnes, said the acquisition would be complementary to Helloworld's retail agency businesses and would present multiple opportunities for expansion across the company's retail networks.
The size of the acquisition is large relative to Helloworld's current market capitalisation of $229.2 million.
Morgans said in its research note to clients that CCE was Australia's third-largest foreign exchange retailer behind Travelex and Flight Centre Travel Group Ltd's Travel Money Oz.
Morgans has increased its share price target for Helloworld from $2.18 to $2.24, against a current price of $1.37.
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The Motley Fool AustraliaWhich ASX travel stock does Morgans tip to jump 60%?plain
The Motley Fool AustraliaWhich ASX telco could jump 140% according to Morgan Stanley?plain
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